NeuStar Inc. (NSR) Shares Down 2.7%
NeuStar Inc. (NYSE:NSR) shares fell 2.7% on Tuesday . The company traded as low as $24.42 and last traded at $24.46, with a volume of 309,123 shares. The stock had previously closed at $25.14.
A number of brokerages have weighed in on NSR. Zacks Investment Research raised NeuStar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 3rd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of NeuStar in a research note on Tuesday, June 21st. Finally, Deutsche Bank AG reissued a “hold” rating on shares of NeuStar in a research note on Tuesday, June 28th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. NeuStar presently has an average rating of “Hold” and an average price target of $29.00.
The stock’s 50 day moving average is $24.29 and its 200 day moving average is $24.22. The company has a market capitalization of $1.31 billion and a PE ratio of 8.62.
NeuStar (NYSE:NSR) last issued its earnings results on Thursday, July 28th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. During the same period last year, the business earned $1.10 EPS. The company had revenue of $297.60 million for the quarter, compared to analyst estimates of $297.37 million. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts anticipate that NeuStar Inc. will post $5.21 earnings per share for the current year.
In other NeuStar news, SVP Henry Skorny sold 24,677 shares of NeuStar stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $23.44, for a total transaction of $578,428.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors recently modified their holdings of NSR. Morgan Stanley raised its stake in shares of NeuStar by 79.4% in the fourth quarter. Morgan Stanley now owns 484,378 shares of the company’s stock worth $11,611,000 after buying an additional 214,360 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NeuStar by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 213,912 shares of the company’s stock worth $5,129,000 after buying an additional 1,312 shares during the period. California Public Employees Retirement System raised its stake in shares of NeuStar by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 176,500 shares of the company’s stock worth $4,231,000 after buying an additional 1,800 shares during the period. Russell Frank Co raised its stake in shares of NeuStar by 7.5% in the fourth quarter. Russell Frank Co now owns 144,234 shares of the company’s stock worth $3,606,000 after buying an additional 10,070 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of NeuStar during the fourth quarter worth about $1,858,000.
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